Opening New Accounts: 20 Account Ownerships, Titles and Legal

Presented by: Deborah Crawford



Opening New Accounts involves identifying, documenting and establishing the authority to open the account. This program is an A-Z on account ownership and documentation. We will go from single party accounts to the more complex type of business accounts. It is a must for anyone who opens or manages the new account functions. Your financial institution's signature card, documentation and authority procedures can create big liability when you do not understand the type of ownership and the checks that go with these accounts.

What you will learn:

• How to open and document personal accounts, fiduciary accounts and business accounts
• How setting up accounts improperly can created liability for your financial institution
• Creating consistency in your organization on how accounts are opened
• Signature Card danger zones and what can go wrong
• How CIF systems can create errors in ownership and signature card conflicts
• How to add owners, make changes and other issues after the account is opened
• How to following the authority trail established in the paperwork
• What can attorney-in-facts do and not do on individual accounts
• How to change business accounts signers and owners
• And much much more…

WHO SHOULD ATTEND?
New Accounts Representatives, New Member Service Representatives, Branch Managers, Assistant Branch Managers, Branch Administration, Deposit Operations, BSA CIP Personnel, Training, and anyone who works with or manages the new account function

About the Speaker: Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 27+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.


VIEW A 10 MINUTE SAMPLE
(requires Windows Media Player and IE).

CD-ROM Includes:

• Complete presentation (including slides and audio)
• Written Materials
• Follow-up Q & A

This program was recorded in its entirety on May 2014. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.